ABU DHABI: Exus Renewables has signed an agreement with Abu Dhabi Future Energy Company PJSC, known as Masdar, to acquire a 60% stake in Masdar’s Portuguese wind portfolio, the companies said. The transaction covers nine onshore wind farms in northern and central Portugal. Masdar will retain a 40% stake in the assets, according to the announcement. Financial…
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of Korea’s Monetary Policy Board said it would hold the current level while assessing developments in domestic and external policy environments,…
HARARE: Zimbabwe has suspended the export of all raw minerals and lithium concentrates with immediate effect, the Ministry of Mines and Mining Development said, ordering the restriction to be observed “until further notice.” The ministry said the suspension applies to all minerals, including shipments already in transit. Mines and Mining Development Minister Polite Kambamura said the government…
NEW DELHI: India joined the Pax Silica initiative on Feb. 20 by signing the Pax Silica Declaration and a bilateral addendum titled the Joint Statement on the India-U.S. AI Opportunity Partnership at an event held on the margins of the AI Impact Summit. The documents were signed by S. Krishnan, secretary at India’s Ministry of Electronics and…
SHARJAH: Air Arabia (PJSC) reported a record AED 1.8 billion net profit before tax for 2025 and said its board has proposed a cash dividend of 30 fils per share, subject to shareholder approval. The Sharjah-headquartered low-cost airline said the results cover the year ended Dec. 31, 2025, and marked its strongest annual financial and operational…
NEW DELHI: India’s Union Cabinet has approved a new state-backed venture capital initiative, clearing the Startup India Fund of Funds 2.0 with a corpus of ₹10,000 crore (about $1.1 billion) to mobilize venture capital for the country’s startup ecosystem, the government said in a statement issued Feb. 14. The program, launched under the Startup India initiative, sets out a…
Travel
SHARJAH: Air Arabia said it will expand its European network with a new daily, non-stop route between Sharjah International Airport and Rome Fiumicino Airport, with flights scheduled to begin on July 1, 2026. The carrier said the service will provide direct connections between Sharjah, its main hub, and Italy’s capital, adding another option for travelers moving between the…
SHARJAH: Air Arabia said it will expand its European network with a new daily, non-stop route between Sharjah International Airport and Rome Fiumicino Airport, with flights scheduled to begin on July 1, 2026. The carrier said the service will provide direct connections between Sharjah, its main hub, and Italy’s capital, adding another option for travelers moving between the…
ABU DHABI: Etihad Airways carried 2.2 million passengers in January 2026, the Abu Dhabi based airline said in its monthly traffic update, reporting a 29% increase from 1.7 million passengers in January 2025. The carrier also reported a passenger load factor of 89.9% for the month, compared with 89.1% a year earlier, reflecting continued high seat occupancy at…
HANOI: Vietnam recorded its strongest ever month for inbound tourism in January 2026, welcoming nearly 2.5 million foreign visitors, according to official statistics. The total was the highest monthly figure on record and marked a sharp rise from the end of 2025, underscoring the pace of recovery in Vietnam tourism and international travel demand. Authorities reported the January…